Funding you earn now, next payment 06:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h −0.004%
Price spread now: Bybit against dYdX+0.155%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$980.983% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.155%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.087% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TAO-USD | 312.98 | 0 | get 0.0000% / 1h | 49m 25s | $125K | $85K | 5x |
| Short | Bybit TAOUSDT | 313.47 | 0.0383 | get 0.0192% / 4h | 2h 49m | $67.9M | $151.2M | 50x |
dYdX TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $80.49
- Price spread: +0.155% → +0.068%
- $8.74
- Slippage, 4 orders
- −$77.31
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$9.07
- Costs to cover
- 0.983%
- Break-even
- 7.8 days
Slippage from dYdX: live order book, 64 min ago; Bybit: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 64 min ago | 31.65 bp | 42.5 bp −$42 | 67.6 bp −$676 | 147.8 bp −$14.8K | 533.8 bp −$266.9K |
| Sell Bybit live order book, 5 min ago | 0.16 bp | 9.8 bp −$10 | 17.2 bp −$172 | 39.4 bp −$3,936 | doesn't fit |
TAO on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USDlong | 0.0000% | 1h | 312.98 | long leg | $125K | $85K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.05 | +0.021% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 313.25 | +0.085% | $641 | $878K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.40 | +0.133% | $89.6M | $504.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | +0.133% | $26.2M | $121.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.10 | +0.037% | $13.6M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.48 | +0.159% | $104.7M | $144.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.31 | +0.104% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.03 | +0.015% | $35.2M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.14 | −0.270% | $41K | $314K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.27 | +0.091% | $81K | $908K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.15 | +0.053% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.72 | −0.084% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.37 | +0.125% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.21 | +0.072% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0132% / S +0.0137% | 1h | 313.01 | +0.009% | $419K | — | 100x | as long as short |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.179% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0153% | 4h | 313.12 | +0.044% | $1.3M | $10.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0224% | 8h | 313.48 | +0.159% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.48 | +0.157% | $357K | $419K | 10x | as long as short |
| Popdex TAOUSDT | +0.0248% | 1h | 313.58 | +0.190% | $49K | $662K | 20x | as long as short |
| Nado TAO-PERP | +0.0254% | 1h | 313.33 | +0.111% | $779K | $2.2M | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0255% | 1h | 312.72 | −0.084% | $46K | $255K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | +0.074% | $532K | $942K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 313.18 | +0.063% | $5.5M | $20.7M | 50x | as long as short |
| Bullet TAO-USD | +0.0330% | 1h | 313.46 | +0.152% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.00 | +0.005% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDT | +0.0358% | 4h | 313.44 | +0.146% | — | $33.7M | — | as long as short |
| Phemex TAOUSDT | +0.0359% | 4h | 313.09 | +0.034% | $3.1M | $7.9M | 50x | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 313.10 | +0.037% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDTshort | +0.0383% | 4h | 313.47 | +0.155% | $67.9M | $151.2M | 50x | |
| Extended TAO-USD | +0.0392% | 1h | 313.22 | +0.076% | $901K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0427% | 1h | 313.20 | +0.070% | $11K | $1.8M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.71 | +0.232% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | +0.101% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.40 | +0.132% | $360 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0705% | 1h | 313.59 | +0.192% | $91.8M | $108.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 313.94 | +0.306% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0827% | 1h | 313.24 | +0.082% | $311K | $885K | 10x | as long as short |
| Lighter TAO | +0.0888% | 1h | 313.63 | +0.208% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 313.67 | +0.219% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.51 | +0.168% | $450K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.986% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
Popdex TAOUSDT
Nado TAO-PERP
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Phemex TAOUSDT
Variational Omni TAO
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP